CM-2015-929 - 10/16/20150 PAUL HmNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Lance Lawson, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
October 9, 2015
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Clifford Shaw, State Certified
Joseph McAweeney, State Certified
Matthew Cox, Appraiser Trainee
Kimberly Garvey, Appraiser Trainee
Terri Bowden, Business Manager
Jennifer Beardsley, Administrative Assistant
Re: Proposal for appraisal services relating to ix (6) parcels on the University Blvd. project,
Round Rock, Texas.
Dear Mr. Sheets:
As requested, I am pleased to provide this proposal for appraisal services relating to the property
captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised:
6A: a vacant parcel comprising the frontage
of the Scott & White property.
6B: improved with the Scott & White
medical facility; site improvements in
acquisition.
6C: a second vacant parcel comprising the
frontage of the Scott & White property.
Wells Fargo Easement: A 10' PUE with site
improvements in acquisition
Steak and Shake Easement: A 10' PUE with
site improvements in acquisition
Inland Easement: A 10' PUE with site
improvement in acquisition
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 • 512-477-6311 •
(Fax)512-477-1793
Purpose of the Appraisal:
Use of the Report:
Appraisal & Reporting Standards:
To estimate just and adequate compensation
as of the date of inspection.
Establishing a basis for partial acquisition of
the subject properties.
The appraisals will be developed and the
reports will be prepared in conformity with
and subject to the requirements of the
Uniform Standards of Professional
Appraisal Practice (USPAP) of the
Appraisal Foundation and the Code of
Professional Ethics and the Standards of
Professional Appraisal Practice of the
Appraisal Institute. The reports will also
comply with the Texas Parks & Wildlife
appraisal guidelines.
The results of our analysis will be set forth
in Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
Fee: Parcel 6A: $3,000
Parcel 613: $3,900, only the land and site
improvements in the acquisition are to be
appraised.
Parcel 6C: $3,000
Wells Fargo Easement: $4,500, only the
land and site improvements in the
acquisition are to be appraised.
Steak and Shake Easement: $4,500, only the
land and site improvements in the
acquisition are to be appraised.
Inland Easement: $4,500, only the land and
site improvements in the acquisition are to
be appraised.
Payable incrementally on the delivery of
each report.
Time subsequent to the initial assignment,
including, without limitation, updates,
meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be paid monthly, as incurred,
at the following hourly rates:
Paul Hornsby: $300/hour
MAI Staff Appraisers: $250/hour
State Certified Appraisers: $200/hour
Research Staff. $125/hour
Information Necessary to
Complete the Assignment (as available): • Surveys
• Inspection reports
• Title commitment
• Site Plans
• Any offers to buy or sell the properties
within the last three years.
Completion: Estimated at 30-45 days from your written
authorization to proceed.
If these terms are acceptable, please indicate by executing this agreement and returning one copy
to me. I look forward to working with you on this assignment.
Respectfully Submitted,
Paul Hornsby & Company
Pa -le -d
Paul Hornsby, MAI, SRA
Accepted:
City'offound Rock
/b . /&'' /6 -
By: Laurie Hadley, City Manager Date
City of Round Rock
TEXASO Roac Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to six (6) tracts of land on University Boulevard for
construction of roadway expansion.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 10/16/2015
Dept Director: Steve Sheets
Cost: $23,400.00
Indexes:
Attachments: 00343996.PDF, 00343950.PDF
Department: Legal Department
Text of Legislative File CM -2015-929
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to six (6) tracts
of land on University Boulevard for construction of roadway expansion.
Parcels to be appraised:
Scott & White (Parcel 6--3 parts) including right of way and waterline easement
Wells Fargo (Parcel 12)- Public Utility Easement only
Steak -N -Shake (Parcel 13)- Public Utility Easement only
Inland American (Parcel 14) (driveway)- Public Utility Easement only
Staff recommends approval.
City of Round Rock Page 1 Printed on 10/12/2015